Browsing: Business
Nvidia leads hedge fund AI picks with a $2.19B stake and strong data center growth, backed by Cliff Asness and surging global demand for its AI chips.
Gold holds above $3,000 as markets seek clarity on Trump’s tariffs amid inflation concerns and a weaker U.S. dollar.
European Parliament committee approves macro-financial assistance for Egypt and Jordan totalling €4.5 billion.
France GDP growth forecast for 2025 cut to 0.7% by Banque de France, reflecting economic slowdown.
European Commission proposes to extend gas storage obligations until 2027, ensuring energy security and market stability.
Bank of Korea confirms South Korea’s economy grew 2 percent in 2024, showing resilience amid global challenges and steady GDP recovery.
Amazon-backed Anthropic’s valuation soars to $61.5B after a $3.5B funding round, reinforcing its AI dominance.
US Treasury Secretary Scott Bessent’s absence at G20 fuels fears of an American retreat from the IMF and World Bank, raising concerns over global financial stability.
The World Bank reaffirms confidence in India’s economic growth, citing strong resilience, investment appeal, and progressive policies that drive the country’s global economic leadership.
Japan’s digital trade deficit hit a record $43 billion in 2024, driven by heavy reliance on US tech services like cloud, online ads, and licensing, according to Finance Ministry data.